-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I’m sure the unions don’t want that. And what the unions don’t want the democrats won’t do.
Chicago was built by LEGAL immigrants – people who followed the laws and didn’t sneak into our country.
A completely different class of people.
Hinz , Brandon, jb, etc are callling for expediting work permits for migrants who hinz terms as “refugees”. How is a ” refugee” defined vrs all the other millions of undocumented immigrants in Illinois who have been here forever?
Hinz makes a good point– so long as he is talking about immigrants who are here LEGALLY. Unfortunately, that is not the overwhelming majority of folks he is talking about, especially in the food and hospitality industries. We all want to support good people who followed the rules and are here to work, and we need their labor and their contribution to the city. But how to differentiate between the two groups is the problem. The hard lefty local politicians and the entire Biden administration refuses to recognize a difference between those who are the law abiding good folks and… Read more »
Crain’s Chicago Business Cheers Sanctuary City Shit Show
Immigrants represent another number when it comes to voting apportionment that Crain’s seems to ignore. Yes, in the past, immigrants did build Chicago; however, today many simply join up in the free stuff army causing financial burdens to an already overburdened population of taxpayers. Times have certainly charged and Crain’s, despite many views to the contrary, still beats the drums of the liberal manta that it always seems to do so well.
They keep saying “nation of immigrants” but the children of immigrants become natives, and even at the height of immigration in the late 1800’s and early 1900’s, no more than 13% of the country was foreign born. Right now Chicago is 18% immigrant, so we have more immigrants today than any time in history. And moreover, one thing conveniently overlooked by Hinz, is that the immigrants of the past BUILT their communities. The irish literally built the south side, as the italians on the west side, the swedes the north side, the germans too, and so on. With their own… Read more »